I am letting the bank foreclose on a vacant home. Do I have to keept the utilities turned so so the pipes won't freeze? Also, do I have to keep up the insurance until the bank officially takes it back?

Yes and yes. How much do you owe and are you 100% sure than the bank can get more than that amount at auction? If they sell and come up short you are not off the hook. They can/will come to you for the difference. Why not try to sell on your own?

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Originally Posted by dineygirl1942

I am letting the bank foreclose on a vacant home. Do I have to keept the utilities turned so so the pipes won't freeze? Also, do I have to keep up the insurance until the bank officially takes it back?

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How long does it take for a house to go into foreclosure

:rolleyes: :p :) ;) :confused:

I have heard maybe 6 months but I don't know. I have never been in this situation before.

If a person have 4 houses and behind 3 months on the mortgage payments. Do u think the house's would go into foreclosure and if so what would u suggest a person do? And what would u suggest the people living in these houses do?